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Charles Schwab: Housing recovery to be a key driver in 2013 economy

In an interview with The Washington Post, Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Inc., said that the recovering U.S. housing market will be an important factor in the economy and could “add as much as 1 percentage point to growth.”

“The economy has a couple of very important pockets of strength heading into the New Year. Housing is probably dominant among them, which I think really starts to feed into job growth and continues to feed into consumer confidence,” Sonders said.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.